MCD stock has undergone multiple analysts rating changes in the recent past. McDonald’s stock Target Raised by Wells Fargo & Company on 10/14/2021. In a note to investors, the firm issued a new target price of $276.00. The analysts previously had $269.00 target price. Wells Fargo & Company’s price target would indicate a potential upside of 13.74% from the stock’s previous close.
Shares of McDonald’s traded up $1.38 on Wednesday, reaching $243.99. 310987 shares of the stock traded hands, compared to its average volume of 2532767. On Wednesday, Shares of McDonald’s closed at $243.99. The firm’s 50 day moving average is $240.50 and its 200 day moving average is $229.15.McDonald’s has a 12 month low of $202.73 and a 12 month high of $249.95. While on yearly highs and lows, McDonald’s today has traded high as $244.64 and has touched $242.04 on the downward trend.
McDonald’s Earnings and What to expect:
McDonald’s last announced its quarterly earnings data on July 27th, 2021. The fast-food giant reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.26. The company earned $5.89 billion during the quarter, compared to analysts’ expectations of $5.63 billion. McDonald’s has generated $6.05 earnings per share over the last year ($9.19 diluted earnings per share) and currently has a price-to-earnings ratio of 26.4. Earnings for McDonald’s are expected to grow by 9.11% in the coming year, from $9.00 to $9.82 per share. McDonald’s has confirmed that its next quarterly earnings report will be published on Wednesday, October 27th, 2021. McDonald’s will be holding an earnings conference call on Wednesday, October 27th at 8:30 AM Eastern. Interested parties can .
Earnings for McDonald’s are expected to grow by 9.11% in the coming year, from $9.00 to $9.82 per share. The P/E ratio of McDonald’s is 26.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.32. The P/E ratio of McDonald’s is 26.40, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 20.08. McDonald’s has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued.
McDonald’s (NYSE:MCD) Moving Average Technical Analysis
5 day Moving Average is $$245.95 And 5 day price change is -$4.45 (-1.80%) with average volume for 5 day average is 2,235,380. While technical analysis for average 20 days shows significant difference, 20 day moving average is $244.25 and 20 day price change is $1.67 (0.69%) and average 20 day moving volume is 2,696,280. 50 day moving average is $240.50 and 50 day price change is $5.70 ( 2.41%) and with average volume for 50 days is : 2,304,006. 200 day moving average is $229.15 and 200 day price change is $28.63 (13.38%) and with average volume for 200 days is : 2,705,921.
Other owners latest trading in MCD :
- On 10/14/2021 shares held by Capital Asset Advisory Services LLC were 4,999 which equates to market value of $1.21M and appx 0.10% owners of MCD
- On 10/14/2021 shares held by Columbia Trust Co 01012016 were 5,747 which equates to market value of $1.39M and appx 0.70% owners of MCD
- On 10/14/2021 shares held by BEAM Asset Management LLC were 1,331 which equates to market value of $0.32M and appx 0.30% owners of MCD
- In total Institutional ownership equates to Institutional Ownership Percentage: 66.34% for MCD
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